State Farm Mutual Automobile Insurance Co. Has $467,601,000 Holdings in Internationa Flavors & Fragrances, Inc. (NYSE:IFF)

State Farm Mutual Automobile Insurance Co. continued to hold its position in Internationa Flavors & Fragrances, Inc. (NYSE:IFF) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,463,700 shares of the specialty chemicals company’s stock at the end of the second quarter. State Farm Mutual Automobile Insurance Co. owned approximately 4.39% of Internationa Flavors & Fragrances worth $467,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Nationwide Fund Advisors grew its holdings in Internationa Flavors & Fragrances by 3.8% in the first quarter. Nationwide Fund Advisors now owns 22,499 shares of the specialty chemicals company’s stock valued at $2,982,000 after purchasing an additional 832 shares during the period. Strs Ohio grew its holdings in Internationa Flavors & Fragrances by 4.9% in the first quarter. Strs Ohio now owns 10,542 shares of the specialty chemicals company’s stock valued at $1,397,000 after purchasing an additional 491 shares during the period. Russell Investments Group Ltd. grew its holdings in Internationa Flavors & Fragrances by 21.8% in the first quarter. Russell Investments Group Ltd. now owns 89,734 shares of the specialty chemicals company’s stock valued at $11,894,000 after purchasing an additional 16,077 shares during the period. Sumitomo Mitsui Asset Management Company LTD grew its holdings in Internationa Flavors & Fragrances by 10.3% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 6,819 shares of the specialty chemicals company’s stock valued at $903,000 after purchasing an additional 634 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Internationa Flavors & Fragrances by 3.2% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 12,748 shares of the specialty chemicals company’s stock valued at $1,689,000 after purchasing an additional 401 shares during the period. 82.18% of the stock is owned by institutional investors and hedge funds.

Internationa Flavors & Fragrances, Inc. (NYSE IFF) opened at 144.21 on Friday. The stock’s 50 day moving average is $137.95 and its 200-day moving average is $135.05. The firm has a market capitalization of $11.39 billion, a PE ratio of 29.10 and a beta of 1.09. Internationa Flavors & Fragrances, Inc. has a 52-week low of $113.16 and a 52-week high of $144.72.

Internationa Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.05. The firm had revenue of $842.86 million for the quarter, compared to analyst estimates of $845.89 million. Internationa Flavors & Fragrances had a net margin of 12.31% and a return on equity of 26.83%. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.47 earnings per share. Equities analysts expect that Internationa Flavors & Fragrances, Inc. will post $5.78 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Monday, September 25th will be given a dividend of $0.69 per share. This represents a $2.76 annualized dividend and a yield of 1.91%. The ex-dividend date is Friday, September 22nd. This is a positive change from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. Internationa Flavors & Fragrances’s dividend payout ratio (DPR) is presently 51.72%.

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In related news, major shareholder Winder Investment Pte Ltd purchased 20,000 shares of the stock in a transaction on Monday, June 26th. The shares were bought at an average price of $137.08 per share, for a total transaction of $2,741,600.00. Following the completion of the acquisition, the insider now directly owns 9,230,793 shares in the company, valued at approximately $1,265,357,104.44. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nicolas Mirzayantz sold 1,233 shares of the stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $133.76, for a total value of $164,926.08. Following the transaction, the insider now owns 46,274 shares in the company, valued at approximately $6,189,610.24. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 1,209,400 shares of company stock worth $162,210,073 and have sold 6,998 shares worth $962,952. Company insiders own 0.48% of the company’s stock.

A number of equities research analysts recently issued reports on IFF shares. KeyCorp restated a “buy” rating and issued a $148.00 target price on shares of Internationa Flavors & Fragrances in a report on Thursday, August 24th. Raymond James Financial, Inc. started coverage on shares of Internationa Flavors & Fragrances in a report on Friday, July 7th. They issued a “market perform” rating for the company. Zacks Investment Research upgraded shares of Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $149.00 target price for the company in a report on Monday, July 24th. Stifel Nicolaus restated a “hold” rating and issued a $136.00 target price on shares of Internationa Flavors & Fragrances in a report on Friday, July 21st. Finally, BidaskClub downgraded shares of Internationa Flavors & Fragrances from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $136.99.

About Internationa Flavors & Fragrances

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food and sweet products.

Institutional Ownership by Quarter for Internationa Flavors & Fragrances (NYSE:IFF)

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